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Wednesday, May 10, 2023 Vol. 18 No. 205
P25.00 nationwide | 2 sections 24 pages | 7 DAYS A WEEK
MONDAY’S POWER OUTAGE PART OF NGCP REVIEW
Expect more yellow alerts–DOE By Lenie Lectura
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Cooperation within Asean more vital than ever–Marcos
@llectura
HE Department of Energy (DOE) expects the issuance of yellow alert warnings to continue for the rest of the year, following Monday’s rotational brownout after the tripping of a transmission line that disrupted operations at a major power plant. “We have potential yellow alerts for the entire month of May. Now, the way that was computed was a worst-case scenario. We assumed that Ilijan power plant will not yet come in. If that power plant comes
in, then the yellow alert warnings will be reduced,” said DOE Undersecretary Rowena Guevara at a news conference on Tuesday. See “DOE,” A2
By Samuel P. Medenilla @sam_medenilla
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RESIDENT Ferdinand R. Marcos Jr. said he will push for more international synergy during the 42nd Association of Southeast Asian Nations (Asean) Summit as more countries look to the regional bloc as the “growth center for the global economy.” A mong t he cou nt r ies now closely monitoring the economic
IMAGINING ROTARY Manuel Roxas High School students bring murals to life with their artistic flair in the “Imagine Rotary, Dream Big, Take Action” competition held from May 8 to 10, 2023. The event aims to develop learners’ creative potential while instilling an understanding of the value of murals in the community. NONOY LACZA
See “Asean,” A2
ELECTRONICS PULL DOWN EXPORT EARNINGS IN Q1 By Andrea E. San Juan
E THE COUSIN ALSO RISES John Ivan Cruz flies high in Phnom Penh and wins the men’s floor exercise gold medal of gymnastics at the 32nd Cambodia Southeast Asian Games on Tuesday. Cruz is a cousin of two-time world champion and Tokyo Olympian Carlos Yulo, who has won two gold medals in Cambodia in men’s all-around and parallel bars. ROY DOMINGO
X PORT receipts de clined by more than 13 percent as the value of the Philippines’s usual export winners plunged by double digits in the first quarter, according to the latest data from the Philippine Statistics Authority (PSA). Fi g u re s f rom t he P S A showed that export earnings in January to March fell by 13.2 percent to $16.86 b i l l ion , f rom l a s t y e a r ’s $19.43 billion. Receipts from electronic products—the country’s top
e x por t— d ropped by 17. 5 percent to a little over $9 billion, from $10.913 in the first quarter of 2022. Shipments of coconut oil, the country’s top farm export, nosedived to $320.37 million, from last year’s $598.89 million. PSA data also showed that total earnings from agrobased products were lower by nearly 19 percent during the period. Shipments of farm products reached $466.31 million. Other commodity groups See “Electronics,” A2
PESO EXCHANGE RATES n US 55.2940 n JAPAN 0.4095 n UK 69.7921 n HK 7.0452 n CHINA 7.9957 n SINGAPORE 41.7408 n AUSTRALIA 37.4838 n EU 60.8621 n KOREA 0.0419 n SAUDI ARABIA 14.7447 Source:
BSP (9 May 2023)